US comes to town for Durango party
AUS-BASED oil&gas operator took time out to party in Aberdeen to celebrate bringing its first North Sea field onstream.
gas operator
Value of 3i’s investments hit by market slump
Private-equity investor 3i Group said yesterday the value of its biggest investments dived in the quarter to December 31, sending its shares briefly to a new low.
Bridge marks first North Sea success
BRIDGE Resources, the Denver-based oil and gas operator which focuses wholly on the UK North Sea, held a reception in the Marcliffe Hotel, Aberdeen, last night to mark its success in bringing the southern North Sea gas field Durango into production at the end of November.
Causeway phase-one plan submitted
Oil and gas operator Antrim Energy said yesterday it had submitted a field-development plan for the Causeway oil discovery in block 211/23d north-east of Shetland to the Department of Energy and Climate Change.
Cairn makes discovery near Raageshwari field
CAIRN India, 65%-owned by Scottish oil and gas operator Cairn Energy, said yesterday it had made another oil and gas discovery in Rajasthan, north-west India, adjacent to its Raageshwari field, which has an approved field-development plan.
Subsea 7 announces deal with TAQA
ENGINEERING and construction company Subsea 7 announced a multimillion-pound deal yesterday with the UK-based arm of Abu Dhabi national energy company TAQA.
Dana lowers its output expectation
DANA Petroleum, the Aberdeen oil and gas operator said yesterday its production in 2008 was expected to average about 39,000 to 40,000 barrels of oil equivalent per day (boepd), representing 30% growth over 2007.
Ithaca completes Beatrice deal
CANADIAN oil and gas operator Ithaca Energy said yesterday it had completed the £10million leasing of the Beatrice oil field and Nigg oil terminal from Talisman Energy and had taken over operatorship.
BG upbeat on prospects for future output
Oil and gas operator BG Group said yesterday it had delivered another excellent result in the third quarter of 2008, and its outlook remained strong.
Endeavour to play part in North Sea campaign
NORTH Sea focused oil and gas operator Endeavour International said yesterday it would participate in two strategic wells in the fourth quarter of this year.
Hurricane season hits production at Forties operator Apache
OIL and gas operator Apache has forecast its 2008 production will fall about 3% on last year because of hurricane disruptions in the Gulf of Mexico to an average 540,000-545,000 barrels of oil equivalent per day (boepd).
Venture adds to North Sea assets
Venture Production said yesterday it was to acquire additional interests in the Cygnus, Kepler, Copernicus and Humphrey gas discoveries plus interests in three exploration blocks.
Venture boss reports bumper year so far
Venture Production said yesterday it had achieved a record financial performance in the six months to June 30 thanks to higher production and strong oil and gas prices.
New firm to target stranded assets
Three former employees of Enterprise Oil have set up their own company to acquire and develop oil and gas properties in the North Sea and northern Europe.
North Sea operator agrees £500m overdraft
CANADIAN oil and gas operator Oilexco said yesterday its Oilexco North Sea subsidiary had signed an agreement with the Royal Bank of Scotland to increase its credit line to about £500million.